Is Teradyne (TER) overvalued or fairly valued?

MarketChacha shows Teradyne's valuation in context — a trailing P/E of about 58.1, a forward P/E of about 29.1, a price-to-book of about 16.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Teradyne's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.25×) from reported figures — education, not a rating.

What is Teradyne's revenue?

Teradyne reported revenue of $3.2B for FY2025, with net profit of $554.0M, per official filings.

What is the share price of Teradyne (TER)?

Teradyne last traded at $357.03 (+5.4% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Teradyne

TER · NASDAQ · Technology · United States

Snapshot

TickerTER

ExchangeNASDAQ

SectorTechnology

IndustrySemiconductor Equipment & Materials

CountryUnited States

Employees6,600

HeadquartersNorth Reading, United States

Websitewww.teradyne.com

Filings tracked14

About Teradyne

Teradyne, Inc. engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through Semiconductor Test, Robotics, and Other segments. The Semiconductor Test segment offers products and services for wafer level and device package testing, and system level testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications. This segment also provides FLEX test platform systems; J750 test system to address the volume semiconductor devices, including microcontrollers; Magnum platform that tests memory devices, such as flash memory and DRAM; and ETS platform for semiconductor manufacturers, and assembly and test subcontractors in the analog/mixed signal markets. It serves integrated device manufacturers that integrate the fabrication of silicon wafers into their business; fabless companies that outsource the manufacturing of silicon wafers; foundries; and semiconductor assembly and test providers. The Robotics segment provides collaborative robotic arms and autonomous mobile robots for manufacturing, logistics, and industrial customers. It also provides product test instruments which includes operations related to the design, manufacturing and marketing of products and services for defense/aerospace test, circuit-board test, wireless test systems, and silicon photonics testing. The company has a strategic collaboration with Tokyo Electron Limited for the development of a test cell solution for device screening in AI and data center applications. Teradyne, Inc. was incorporated in 1960 and is headquartered in North Reading, Massachusetts.

Who owns it

Insiders0.2%
Institutions99.8%
Public & other0.0%

1,933 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.11.19%
Vanguard Capital Management LLC5.89%
Vanguard Portfolio Management LLC4.97%
State Street Corporation4.20%
Invesco Ltd.3.85%
JPMORGAN CHASE & CO3.21%
Geode Capital Management, LLC2.65%
FMR, LLC2.36%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.25×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend16.8% → 17.4%

Margin has held broadly steady over the period — stable profitability.

Return on equity19.8%

Latest ROE of 19.8% — capital is generating a healthy return.

Growth qualityrev 9% · PAT 11%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.3B · EPS 2.01

Est. earnings growth +11.9%

Next fiscal year

Rev $6.3B · EPS 11.65

Est. earnings growth +28.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$3.2B

Net margin

17.4%

ROE

19.8%

Revenue CAGR (2y)

+9.2%

Profit CAGR (2y)

+11.1%

EPS (FY2025)

3.47

Net profit (FY2025)

$554.0M

Ask MarketChacha about TER

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On MarketChacha

Posts about TER

Why is Teradyne (TER) up ~13% while the rest of the chip trade is crashing?c/usmarkets · 7/29/2026▲ 0

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$3.2B	$554.0M	3.47	17.4%	19.8%
FY2024	$2.8B	$542.4M	3.32	19.2%	19.2%
FY2023	$2.7B	$448.8M	2.73	16.8%	17.8%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.3B	$374.5M	2.38	28.2%
2026Q1	$1.3B	$398.9M	2.53	31.1%
2025Q3	$769.2M	$119.6M	0.75	15.5%
2025Q2	$651.8M	$78.4M	0.49	12.0%
2025Q1	$685.7M	$98.9M	0.61	14.4%
2024Q3	$737.3M	$145.6M	0.89	19.8%
2024Q2	$729.9M	$186.3M	1.14	25.5%
2024Q1	$599.8M	$64.2M	0.40	10.7%
2023Q4	$703.7M	$128.1M	0.78	18.2%
2023Q3	$684.4M	$120.0M	0.73	17.5%
2023Q2	$617.5M	$83.5M	0.50	13.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Material agreement, Material financial obligation, Exhibits
SEC8/10/2026material
10-Q filing
SEC7/31/2026
8-K — Results of operations, Exhibits
SEC7/29/2026material
8-K — Shareholder vote results
SEC5/11/2026material
10-Q filing
SEC5/1/2026
8-K — Results of operations, Exhibits
SEC4/29/2026material
10-K filing
SEC2/19/2026
8-K — Results of operations, Exhibits
SEC2/3/2026material

2025

10-Q filing
SEC10/30/2025
8-K — Results of operations, Exhibits
SEC10/29/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC10/28/2025material
8-K — Executive/director change
SEC9/2/2025material
10-Q filing
SEC8/1/2025
8-K — Results of operations, Exhibits
SEC7/30/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.